Cornerstone recently closed a commercial loan on a multifamily/apartment property in Hoboken, NJ. The loan was placed through a national commercial lender with an interest rate of 6.125% amortized over 30 years.

Cornerstone Co-Founder, Sal LoPiccolo, said "This was a good loan on a good property and we're happy to close it so quickly for our client in such a tough market."

The client stated "Sal is the most caring man you ever want to meet and after speaking with him just once I felt like I knew him forever.  He told me he'd work on my loan right away, and the same day he called me with 3 offers from banks."

Cornerstone specializes in arranging debt and equity for commercial property including multifamily, apartments, general commercial, and hard money transactions.  Visit us on the web at www.cornerstonesvs.com.